Monoclonal Antibody Therapy Market Propels at a Robust CAGR of 12.9% due to Rising Cancer and Other Chronic Disease Prevalence - Growth Plus Reports

One of the factors propelling the monoclonal antibody therapy market is the rising incidence of cancer. Governments are working to lower the annual healthcare costs in economies that are caused by the chronic ailment known as cancer. As a result, the market for biologics is growing, which presents a lucrative potential for the biopharmaceutical sector. The rapid regulatory approval of monoclonal antibodies is facilitating the commercialization of numerous novel treatments. This element contributes to the market expansion for monoclonal antibody therapy. Their preference is also growing as monoclonal antibody therapy emerges as a potent tool for the treatment of chronic disorders like cancer and Alzheimer's disease. As a result, a lot of pharmaceutical corporations are financing research and development initiatives focusing on monoclonal antibodies. Additionally, the utilization of cutting-edge technology in mAb production enhanced healthcare infrastructure, and government funding for infection control and management all contribute to the market growth.

According to the deep-dive market assessment study conducted by Growth+ Reports, the global monoclonal antibody therapy market was pegged at ~US$ 175.5 billion in 2021. The market is expected to witness a CAGR of 12.9% from 2022 to 2030.

Asia Pacific is expected to show significant growth in the forecast period due to rising disposable income, the presence of vast untapped potential, the increase in R&D spending, and growing patient awareness of the use of therapeutic mAb. The rise in medical tourism in the emerging economies is also increasing the opportunity for the monoclonal antibody therapy market.

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Key Players Mentioned in the Global Monoclonal Antibody Therapy Market Research Report:

• F. Hoffman-La Roche Ltd
• Bayer AG
• Novo Nordisk A/S
• Thermo Fisher Scientific Inc
• Regeneron Pharmaceuticals Inc
• AstraZeneca plc
• Sanofi SA
• Abbott Laboratories
• Eli Lilly & Company
• Mylan N.V
• GlaxoSmithKline Plc
• Merck KgaA
• Among others

Global Monoclonal Antibody Therapy Market Segmentation by Type:

• Human mAb
• Chimeric mAb
• Humanized mAb
• Murine mAb

Global Monoclonal Antibody Therapy Market Segmentation by Disease Area:

• Cancer
• Autoimmune Diseases
• Inflammatory Diseases
• Infectious Diseases

Key Reasons to Purchase:

To gain insightful analyses of the market and have a comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the Monoclonal Antibody Therapy Market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the outlook and prospects for the market.

Key Questions Answered in the Report Include:

(1) This report gives all the information about the industry analysis, revenue, and overview, of this market.

(2) What will be the rate of increase in market size and growth rate by the end of the forecast period?

(3) What are the major global Monoclonal Antibody Therapy Market trends influencing the development of the market?

(4) What are the vital results of SWOT analysis of the major players operating in the Monoclonal Antibody Therapy Market?

(5) What are the potential growth opportunities and threats faced by Major competitors in the market?

Detailed TOC of Global Monoclonal Antibody Therapy Market Growth (Status and Outlook) 2022-2030

1 Scope of the Report

1.1 Market Ecosystem
1.2 Geographic Scope
1.3 Timeline Under Consideration
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered

2 Monoclonal Antibody Therapy Market Executive Summary

2.1 World Market Overview
2.1.1 Global Market Size 2022-2030
2.1.2 Market Size CAGR by Region 2020 VS 2028
2.2 Monoclonal Antibody Therapy Market Segment by Type
2.2.1 Type 1
2.2.2 Type 2

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Manan Sethi
Director, Market Insights
Email: enquire@growthplusreports.com
Phone no: +91 96545 76783
Web: https://growthplusreports.com/

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